Axa shares surge on buyout news
In its Friday announcement, Alibaba had said that all of its board members were appointed by CEO Jack Ma. “In order to promote transparency, board of directors have appointed several members with unique qualifications,” it said.
A spokeswoman for the China unit at Alibaba declined to comment. The company did not respond to a request for comment.
China’s biggest online retailer Alibaba Group Holding Ltd (BABA), said on Tuesday it would acquire a group of Chinese firms including Tencent Holdings Ltd and JD.com Inc Ltd.
BABA’s announcement came three days after it announced it was also buying Indian e-commerce giant Snapdeal for $3.16 billion.
The Chinese online market may not be big but it’s changing rapidly. In the past three years, mobile internet penetration in China doubled as mobile devices more often became 건마the main mode of digital communication in users’ homes and at work. As a result, China now accounts for about a quarter of global Internet transactions,빅 카지노 according to iResearch for the McKinsey Global Institute.
Alibaba had made a splash with its recent acquisition of online retailer JD.com. The acquisition has already led to big changes to business plans.
According to a person familiar with the matter, Alibaba’s first task would be to introduce the JD.com web services in the mainland after the launch of the Chinese version next year.
The JD.com acquisition was originally agreed on this year and it’s expected to b슈퍼 카지노ring the total number of available global JD.com sites to more than 150.
After an initial push, JD.com was to be sold in China next year to raise funds from Alibaba and its board members. But following news of the deal this week, JD.com stock ended down 5% in China’s Hang Seng Composite on Tuesday afternoon and was just 16.8% higher at $22.85. (Reporting by David Morgan and Yixuan Liu; Editing by Nick Zieminski)